Chairman Message (CDI)

Soma Srinivas Reddy

There are numerous challenges facing today’s construction industry, some are new to the industry, and some are centuries old. Many of these challenges are a direct result of construction operations, while others a result of indirect, peripheral activities. A surprising number of challenges are not construction issues but must be addressed and managed by the construction company owners/ managers to ensure project success. Some of the construction issues include workforce considerations, safety, time constraints, and the changing nature of the work. Non-construction challenges that industry faces that are part of the business landscape include legal issues, government regulations, environmental concerns, and socio-political pressures. It is critical that the contractor or business owner understands the demanding realities that they faces in the planning and control of construction operations related to finances.